Ethereum recently faced rejection from the $2,600–$2,670 supply zone, marked by high volume nodes on the Visible Range Volume Profile (VRVP). The move down confirms seller strength in this zone.
Key Levels:
Supply Zone: $2,600 – $2,670
Current Price: $2,550
Support Targets:
$2,245 – first reaction zone and likely bounce area
$1,775 – strong historical demand
$1,622 – major macro support (last-resort level)
Price Action Outlook:
ETH is showing lower highs and now struggling to regain momentum.
Watch for a breakdown below $2,500 for a clean move to $2,245.
If macro news (highlighted below) hits risk sentiment, deeper dips are possible.
Macro Alert: Upcoming U.S. economic reports could trigger volatility. Three red events marked on the calendar suggest major impact days are near – be ready for surprises.
Trade Idea:
Short-term bearish unless ETH reclaims the supply zone with strength. Bears may aim for $2,245 and $1,775 in the short-to-mid term.
Let’s Discuss:
Are you shorting ETH here, or do you expect a fakeout before new highs?
#Ethereum #ETHUSD #CryptoTrading #SupplyAndDemand #PriceAction #VolumeProfile #DayTrading #Altcoins
Key Levels:
Supply Zone: $2,600 – $2,670
Current Price: $2,550
Support Targets:
$2,245 – first reaction zone and likely bounce area
$1,775 – strong historical demand
$1,622 – major macro support (last-resort level)
Price Action Outlook:
ETH is showing lower highs and now struggling to regain momentum.
Watch for a breakdown below $2,500 for a clean move to $2,245.
If macro news (highlighted below) hits risk sentiment, deeper dips are possible.
Macro Alert: Upcoming U.S. economic reports could trigger volatility. Three red events marked on the calendar suggest major impact days are near – be ready for surprises.
Trade Idea:
Short-term bearish unless ETH reclaims the supply zone with strength. Bears may aim for $2,245 and $1,775 in the short-to-mid term.
Let’s Discuss:
Are you shorting ETH here, or do you expect a fakeout before new highs?
#Ethereum #ETHUSD #CryptoTrading #SupplyAndDemand #PriceAction #VolumeProfile #DayTrading #Altcoins
✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅FOR VIP DM: t.me/frankfx22
✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ XM frankfxx.com/xm
✅FOR VIP DM: t.me/frankfx22
✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ XM frankfxx.com/xm
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅FOR VIP DM: t.me/frankfx22
✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ XM frankfxx.com/xm
✅FOR VIP DM: t.me/frankfx22
✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ XM frankfxx.com/xm
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.